Principality Building Society 1-year Bond

free4440273

looks like i'm going to have to cross my fingers for another .25 rate rise

Old_Slaphead

Can't see why Fixed Rate offerings should go up in the near term - 6.7% seemed to be the high point, certainly for next few months (isn't it wunnerful to know that avaricious American banks lending to their half-brain customers can affect pensioners standard of living on this side of the pond)

As it's a Principality thread - my 1 year FR Reg Saver (Iss4) is maturing soon. They'd better be considering a better deal going forward if they want to keep my business...... 6.50% fixed is definitely not worth the hassle

bristolleedsfan

birmingham midshires still offering 6.70% fixed for a year and allied irish bank is back with a 6.70% fixed for a year.

if you want to be " proud to be different" then fix for a year with nationwide @6.20% ( online only) :rotfl:

halifax increasing its 3 year websaver rate from friday 6.62%.

http://www.moneyfacts.co.uk/savings/bestbuys/fixed-rate-savings-accounts.asp

bristolleedsfan

baby_boomer wrote: »

So some [Welsh] members are more equal than others ?

Or is the 6.75% 2 Year Bond also set to die a death this Friday?

2 year members loyalty bond has always been a branch only issue, once upon a time their was a principality branch in bristol, sadly it was in a poor location and closed.

free4440273

what perplexes me is why, as of recently, the three year bonds that existed with a rate of 6.70 have suddenly died. it's still evenly balanced as to whether the BofE will raise again by 0.25 (probably they won't) but that does not explain why the 6.70 rate has all but disappeared. I am going to ask kindly: "BofE, please raise just once more by .25. We savers have been punished enough for the last few years. We deserve/demand a decent rate. Seven per cent is what I call decent. Do the right thing here. Thanks"

baby_boomer

bristolleedsfan wrote: »

2 year members loyalty bond has always been a branch only issue

Well I've never been near a branch and Principality still suggested I take one out.

Old_Slaphead

A week ago my friendly Barclays relationship manager (??) told me that the bank had factored 2 imminent BR rises into their rates, one within the next 2 months and the other early 2008. Now they have been delayed or even postponed hence the fallof.

Just taken out a short term 9 month deal with Halifax at 6.56%

Geoffo_M

SAGA are still doing 1 and 2 year deals until 26th September. Trouble is, you have to be over 50

ManAtHome

To put things in perspective, a difference of 0.1% is £1 a year per thousand quid invested (before tax), 0.02% is a whole £200 a year on a million (presumably £120 after tax...)

free4440273

ManAtHome wrote: »

To put things in perspective, a difference of 0.1% is £1 a year per thousand quid invested (before tax), 0.02% is a whole £200 a year on a million (presumably £120 after tax...)

yes, you are correct about perspective, that's very true. It's just that my bond with nationwide expires in october and i still need a monthly 'income' from the bond. which is why, for me, another .25 rate rise would be really beneficial - it's another £200 pounds (for a bond, say, of 7 per cent) per month compared to what i have been achieving for the last three years. also the bond (of £200K) is going to be re-invested for another three years. this is why i am hoping for another .25 rate increase. i think rates are going to be down, from what they are now, in a year.

as you have probably gathered, it's the monthly interest i am interested in and these rates are always, quite rightly so, lower than the yearly rates. hence, another .25 would be useful. anyhow, knowing my luck, the BofE will probably reduce rates by October:rolleyes: